Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Hits New 52-Week High – Still a Buy?

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $55.61 and last traded at $55.61, with a volume of 226 shares trading hands. The stock had previously closed at $55.29.

Xtrackers MSCI Europe Hedged Equity ETF Stock Performance

The firm has a market capitalization of $788.67 million, a price-to-earnings ratio of 16.40 and a beta of 0.62. The business has a fifty day moving average price of $53.53 and a 200 day moving average price of $51.35.

Institutional Investors Weigh In On Xtrackers MSCI Europe Hedged Equity ETF

A number of institutional investors have recently added to or reduced their stakes in DBEU. Ameriprise Financial Inc. increased its stake in Xtrackers MSCI Europe Hedged Equity ETF by 149.2% during the second quarter. Ameriprise Financial Inc. now owns 109,825 shares of the company’s stock worth $4,842,000 after acquiring an additional 65,754 shares during the last quarter. Cooksen Wealth LLC raised its holdings in shares of Xtrackers MSCI Europe Hedged Equity ETF by 31.6% in the 2nd quarter. Cooksen Wealth LLC now owns 47,785 shares of the company’s stock worth $2,106,000 after purchasing an additional 11,466 shares during the period. Finally, Ascentis Independent Advisors acquired a new position in shares of Xtrackers MSCI Europe Hedged Equity ETF in the 1st quarter valued at about $76,000.

Xtrackers MSCI Europe Hedged Equity ETF Company Profile

The Xtrackers MSCI Europe Hedged Equity ETF (DBEU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted and currency-hedged index of companies in developed Europe. DBEU was launched on Oct 1, 2013 and is managed by Xtrackers.